Gang Involved in 1 Billion KRW Jeonse Fraud Arrested in Seoul Metropolitan Area
Forgery of Public and Private Documents Submitted to Loan Companies
Police "Actively Applying Charges Such as Criminal Organization Offense"
A gang involved in a jeonse fraud, who embezzled nearly 1 billion KRW in jeonse deposits by using 12 real estate properties in the Seoul metropolitan area as collateral, has been arrested.
The Jungnang Police Station in Seoul announced on the 10th that they have arrested a total of six people, including two jeonse fraud brokers and four lease nameholders, on charges of forgery of private documents, use of forged private documents, and fraud.
They are accused of recruiting 'gap-free investors' who purchase real estate under the condition of succeeding the jeonse deposit, and then embezzling a total of 970 million KRW in deposits through methods such as forging resident registration inquiry documents and unauthorized moving-out applications without tenant consent.
The method involved recruiting gap-free investors to purchase 12 real estate properties across Seoul, Gyeonggi, and Incheon in the metropolitan area, and then using these properties as collateral to embezzle deposits from nine lending companies.
The police began investigating after receiving a related petition in September last year, and on April 5th, they filed a pre-indictment seizure application for two real estate properties worth approximately 500 million KRW involved in the jeonse fraud on charges of forgery of private documents, which was approved.
The police confirmed that the suspects divided roles such as recruiting gap-free investors, tenant moving-out, and loan consultations to commit the crimes, and having additionally uncovered charges related to the formation and activities of a criminal organization, they plan to continue investigating accomplices.
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A police official stated, "We will actively apply organized crime charges such as criminal organization to the jeonse fraud suspects in the future and make efforts to recover damages by filing seizure and confiscation applications."
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